An executive representing Swiss bank UBS said Monday that President Trump’s economic achievements warrant “high marks.”

UBS Wealth Management America’s chief investment strategist, Mike Ryan’s praise comes weeks after Republicans in Congress passed a sweeping tax overhaul, delivering on Trump’s key promise of reforming the tax code during his first year in office.

The banking executive also described the U.S. tax code prior to the bill passed in December as “very inefficient,” CNBC reported.

Read more at The Hill.